The Pension Fund is a legal trust fund set up under the law to provide retirement benefits to eligible participants and their families. The Agreement and Declaration of Trust (referred to as the Trust Agreement) originally dated May 31, 1957, restated January 29, 1974, and amended from time to time thereafter establishes the Pension Fund. The Trust Agreement and the Pension Plan Document govern the operation of the Fund.

What is the Pension Plan Document?

The Pension Plan Document is the legal document, which governs your rights under the Pension Fund. It sets forth the various types of pension benefits provided by the Fund, the benefit amounts for each type of pension and also the eligibility requirements.

Who Administers the Fund?

A Board of Trustees, which serves without compensation, acts on your behalf and on behalf of your fellow Employees in managing all aspects of the Pension Fund’s operations. The Board of Trustees has the discretion to decide all matters relating to the Fund, including eligibility and whether or not any participant is entitled to a benefit from the Fund, and the amount of that benefit. The Board of Trustees also has the discretion to interpret all terms and provisions in the Summary Plan Description and in the Plan Document, and to resolve all ambiguities which may arise. The Board of Trustees is made up of an equal number of Regional Council and Employer representatives whose powers and duties are set forth in the Trust Agreement and the Plan Document.

Who Pays the Cost of the Pension Plan?

The entire cost of the Plan is paid by the participating Employers who contribute to the Pension Fund. No contributions are required from you and none are permitted.

Who Is Covered by the Plan?

The Plan covers all Employees for whom Employer contributions are required to be paid into the Pension Fund by a collective bargaining agreement or other written agreement.

Copyright 2008 The Chicago Regional Council of Carpenters Welfare and Pension Funds.
All Rights Reserved |Terms Of Use
| Privacy Policy